Campbell Soup Company Consumer Goods | Processed & Packaged Goods | USA Campbell Soup Company, together with its subsidiaries, manufactures and markets convenience food products. It operates through U.S. Simple Meals; Global Baking and Snacking; International Simple Meals and Beverages; U.S. Beverages; and Bolthouse and Foodservice segments. The U.S. Simple Meals segment offers Campbell's condensed and ready-to-serve soups; Swanson broth and stocks; Prego pasta sauces; Pace Mexican sauces; Campbell's gravies, pasta, beans and dinner sauces; Swanson canned poultry; and Plum food and snacks. The Global Baking and Snacking segment offers Pepperidge Farm cookies, crackers, bakery, and frozen products in the United States retail; and Arnott's biscuits in Australia and Asia Pacific; and Kelsen cookies worldwide. The International Simple Meals and Beverages segment is involved in the retail business in Canada; and the simple meals and beverages business in Asia Pacific, Latin America, and China. The U.S. Beverages segment engages in the retail sale of beverages, including V8 juices and beverages, and Campbell's tomato juice in the United States. The Bolthouse and Foodservice segment provides Bolthouse Farms carrot products consisting of fresh carrots, juice concentrate, and fiber; and the Bolthouse Farms super-premium refrigerated beverages and refrigerated salad dressings. The segment also distributes products, such as soup, specialty entres, beverage products, other prepared foods, and Pepperidge Farm products through various food service channels in the United States and Canada. The company sells its products through retail food chains, mass discounters, mass merchandisers, club stores, convenience stores, drug stores, dollar stores and other retail, commercial, and non-commercial establishments. Campbell Soup Company was founded in 1869 and is headquartered in Camden, New Jersey.
On a Friday a month ago, there was a big volume day with doji candle. Range that day was 64.03-64.81. Price drifted up a bit with the general market, but last week these defensive kind of stocks (eg alcohol, tobacco) started to lose favor and this fell below that lower range of 64.03. This guy is now sitting on the 50-day moving average, and maybe no other supports until the 200-day which is a long way away (8.50 points, ~15%).
Reported before open today (5/20/16) Earnings: EPS $0.65 Revenue $1.87B Estimates: EPS $0.65 Revenue $1.912B Down 4.73% pre-market
Reported before open today (11/22/16) Earnings: EPS $1.00 Revenue $2.2B Estimates: EPS $0.95 Revenue $2.2B Up 3.60% today
Soup maker Campbell Soup ($CPB) may also see early weakness after reporting fiscal third quarter results that missed estimates and lowering its full-year sales guidance.
May be the capitulation bottom today. Look at that volume in the weekly chart: Yielding over 3.5%. CEO exited after today's ER; just in time for a new CEO to lead the turnaround.
CPB trying to blame the cost of steel on poor profits....what a joke. If they made soup like Progresso, they might actually stay in business...
They need to sell the cans with a can opener. Would like to eat soup at work, but it's not my home so I don't have all the necessary utensils there.
